Mid-America Apartment Communities (NYSE:MAA) Raised to “Strong-Buy” at Raymond James

Mid-America Apartment Communities (NYSE:MAA) was upgraded by equities research analysts at Raymond James from a “market perform” rating to a “strong-buy” rating in a research note issued on Monday, Marketbeat.com reports. The firm currently has a $175.00 price target on the real estate investment trust’s stock. Raymond James’ target price indicates a potential upside of 13.70% from the stock’s previous close.

MAA has been the topic of a number of other reports. UBS Group increased their price target on Mid-America Apartment Communities from $131.00 to $140.00 and gave the stock a “sell” rating in a report on Thursday, July 18th. BNP Paribas assumed coverage on shares of Mid-America Apartment Communities in a research report on Wednesday, September 11th. They set a “neutral” rating and a $169.00 price objective on the stock. The Goldman Sachs Group started coverage on Mid-America Apartment Communities in a research report on Wednesday, September 4th. They issued a “buy” rating and a $187.00 target price for the company. Wedbush increased their price target on Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Royal Bank of Canada raised their price objective on Mid-America Apartment Communities from $145.00 to $148.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.75.

Mid-America Apartment Communities Stock Up 0.9 %

Shares of NYSE:MAA opened at $153.91 on Monday. Mid-America Apartment Communities has a 1 year low of $115.56 and a 1 year high of $167.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.12 and a quick ratio of 0.12. The business’s 50-day moving average is $158.21 and its 200-day moving average is $144.92. The company has a market capitalization of $17.98 billion, a price-to-earnings ratio of 32.27, a P/E/G ratio of 2.47 and a beta of 0.88.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. DecisionPoint Financial LLC purchased a new stake in Mid-America Apartment Communities in the 1st quarter valued at about $26,000. EdgeRock Capital LLC bought a new position in shares of Mid-America Apartment Communities in the second quarter valued at approximately $26,000. Mather Group LLC. purchased a new stake in shares of Mid-America Apartment Communities during the first quarter valued at approximately $32,000. Versant Capital Management Inc lifted its holdings in Mid-America Apartment Communities by 3,071.4% during the second quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 215 shares during the period. Finally, UMB Bank n.a. boosted its position in Mid-America Apartment Communities by 82.4% in the second quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 108 shares during the last quarter. 93.60% of the stock is owned by institutional investors.

About Mid-America Apartment Communities

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.